An axiomatic approach towards pandemic performance indicators

Ricardo Martinez () and Juan Moreno-Ternero

No 22.10, Working Papers from Universidad Pablo de Olavide, Department of Economics

Abstract: During a pandemic, each country (or region) is characterized by a status matrix indicating its positive cases, hospitalizations and deaths. A pandemic performance indicator is a real- valued mapping from the set of status matrices to the set of non-negative real numbers, whereby lower values stand for better performance. We show that four axioms together characterize a family of indicators arising from a weighted average of the incidence rate, morbidity rate and mortality rate. We use these indicators to evaluate the impact of COVID- 19 in major countries worldwide.

Keywords: pandemic; incidence; hospitalizations; deaths; axioms. (search for similar items in EconPapers)
JEL-codes: D63 I10 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2022
New Economics Papers: this item is included in nep-hea
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Citations: View citations in EconPapers (6)

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Journal Article: An axiomatic approach towards pandemic performance indicators (2022)
Working Paper: An axiomatic approach towards pandemic performance indicators (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:pab:wpaper:22.10

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